Drilling tests Bylund prospect
Joint-venture partners Freewest Resources Canada (FWR-T) and Greater Lenora Resources (GEN-T) have drilled three holes on their Bylund gold property, 55 km west of Thunder Bay, Ont.Drill results are: …
1997
LETTER TO THE EDITOR — Busang performances award-worthy
I have always been a sucker for fairy tales, perhaps because I’m a kid at heart and have always wished they were true.The rags-to-riches story of Bre-X Minerals, the small Canadian company that suppos…
DIAMOND PAGE — Redaurum acquires Colorado kimberlite
Redaurum (RRK-T) has augmented its Colorado holdings by acquiring the Maxwell kimberlite pipe property.The property, which had belonged to a private Colorado company, is 2 km west of Redaurum’s produc…
Busang audit expected May 5
Market-watchers are bracing themselves for a rough ride as Bre-X Minerals (BXM-T) and Freeport McMoRan Copper & Gold (FCX-N) await interim results of Strathcona Mineral Services’ technical audit on th…
GREATEST VALUE TRADED, APRIL 23-29
ExchgValue($000s)HighLowCloseChangeBarrick GoldT2…
NEW HORIZONS — Gold in the heavens
Whether in steady orbit around the earth or on a long journey to a distant planet, satellites and the success of their missions depend on gold.Handheld Global Positioning Satellite (GPS) units are bei…
EDITORIAL AND OPINION — Expect more media scrutiny, not less — Eye on Toronto
Jack Geller, acting chairman of the Ontario Securities Commission (OSC), has criticized the media for creating “a feeding frenzy” over Bre-X Minerals and the issue of whether or not there is gold at i…
Shareholders give nod to merger of Chase, Delta
Shareholders of Chase Resource (GQS-T) and Delta Gold Mining (DTG-V) have approved a merger agreement.Under the proposed amalgamation, Chase shareholders will receive one share of the new company for …
LME WAREHOUSE LEVELS (May 05, 1997)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at April 28/97 (change from previous week in brackets):Aluminium802,100(-16,200)Copper141,075(-9,050)Lead114,500(+1,650)Nickel5…
Rosebud blossoms ahead of schedule
Commercial production at the Rosebud gold-silver mine in northwestern Nevada has begun, two months ahead of schedule and US$3 million under budget.Joint owners Hecla Mining (HL-N) and Santa Fe Pacific…
Toronto Stock Exchange Indices (May 05, 1997)
1997Apr 29Apr 28Apr 25Apr 24Apr 23HighLowComposit…
METAL PRICES — DAILY METAL PRICES (May 05, 1997)
BASE METALS (London Metal Exchange – Midday bid/ask prices in US$ per tonne)DateApr. 29Apr. 28Apr. 25Apr. 24A…